Thomson Reuters (TSE:TRI) Hits New 1-Year High at $231.78

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as C$231.78 and last traded at C$229.94, with a volume of 98605 shares trading hands. The stock had previously closed at C$229.08.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. BMO Capital Markets raised their target price on Thomson Reuters from C$211.00 to C$222.00 and gave the company an “outperform” rating in a report on Friday, February 9th. National Bank Financial cut Thomson Reuters from a “sector perform under weight” rating to an “underperform underweight” rating in a research report on Tuesday, February 20th. National Bankshares boosted their price objective on shares of Thomson Reuters from C$217.00 to C$219.00 in a report on Friday, May 3rd. Canaccord Genuity Group lifted their target price on shares of Thomson Reuters from C$147.00 to C$149.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, CIBC boosted their target price on shares of Thomson Reuters from C$138.00 to C$146.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Thomson Reuters currently has a consensus rating of “Hold” and a consensus target price of C$183.33.

Thomson Reuters Stock Performance

The stock has a market cap of C$103.46 billion, a PE ratio of 32.31, a P/E/G ratio of 3.64 and a beta of 0.38. The company has a debt-to-equity ratio of 36.91, a current ratio of 0.97 and a quick ratio of 0.52. The stock has a 50-day simple moving average of C$212.00 and a 200-day simple moving average of C$199.68.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings data on Thursday, February 8th. The company reported C$1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.25 by C$0.09. The company had revenue of C$2.47 billion during the quarter, compared to the consensus estimate of C$2.52 billion. Thomson Reuters had a net margin of 34.87% and a return on equity of 20.18%. Equities analysts predict that Thomson Reuters Co. will post 5.047491 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.73 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Wednesday, May 15th. Thomson Reuters’s payout ratio is presently 41.69%.

Insider Activity at Thomson Reuters

In other Thomson Reuters news, Director Linda Walker sold 4,750 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of C$156.75, for a total value of C$744,562.50. In other news, Senior Officer David Franklin Wong sold 600 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of C$158.99, for a total transaction of C$95,392.80. Also, Director Linda Walker sold 4,750 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of C$156.75, for a total transaction of C$744,562.50. Company insiders own 69.49% of the company’s stock.

About Thomson Reuters

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.